Silver is a tricky investment since the buying price and selling price are often so far apart that even if the spot price rose 2 or 3 dollars, the profit margin would be slim...
So the idea is to buy cheap. BUY CHEAP!!!!
One way to buy cheap is to go to a pawn shop or any other outlet who buys silver and ask them for what ever coins they have. Tell them that you would like to buy the coins at spot price but you are willing to pay the VAT.
Ok... so why wouldn't you just buy a bar of silver?? Well, anyone who is in this market can answer that, but for those who are lost let me explain.
Coins sell at a premium, someone has to pay for the cost of minting the coin. Supply and demand determines that...
Most pawn shops don't care about the value of the coin, they just buy them to be melted and thats how they cash in. They'll give you a shit rate and thats how they make their money.
I'm not a fan of numismatic coins etc, but if you can get coins for the same price as bars it will set you up to gain more as the price of silver rises.
There is NO difference between a new coin or an old coin. Silver tarnishes. I have coins from 1985 that look better than coins from 2013. I keep all my coins well. Besides, some collectors even like a tarnished coin, because it's an additional security feature and looks like "real" silver.
